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SoftBank's Arm soars nearly 25% in market debut to $65 billion valuation

IndiaTimes Friday, 15 September 2023
Shares in SoftBank's Arm Holdings surged nearly 25% above their Nasdaq debut price, signaling a potential turnaround in the IPO market. Arm's strong performance suggests that investor demand for IPOs may be rebounding after being impacted by geopolitical tensions and higher interest rates. This success could trigger a wave of stock market launches in 2024.
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